April 2 (Reuters) – The Biden administration said the surprise oil output cuts announced on Sunday by Saudi Arabia and other OPEC+ countries were not advisable. “We don’t think cuts are advisable at this moment given market […]
The United Nations says it’s very concerned about what it calls “rampant disinformation” that’s delaying “climate action.” U.N. Under-Secretary General Melissa Felming explains that, “There is no doubt the world must act now to avoid catastrophic ecological […]
Sunday’s surprise OPEC+ production cuts have redefined the outlook for crude prices, bringing $100 a barrel back into the frame.Prior to the announcement, the cartel’s own numbers suggested the group would need to pump more […]
OPEC+’s surprise move to cut 1 million barrels a day of oil production is poised to raise US fuel prices just as President Joe Biden is expected to launch his re-election campaign. He has a limited range […]
Dow Jones edged higher early Monday morning, while S&P 500 and Nasdaq futures fell modestly. Crude oil prices jumped on a surprise OPEC+ output cut. Tesla deliveries also are in focus. The stock market rally […]
EconomyEnergy Oil prices have surged after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in US price data […]
Today OPEC+ woke up and chose scorched-earth war against the Fed. That’s because while the US central bank is already trapped, and is desperately looking for any excuse to halt its tightening campaign now that […]
NewsNuclear Weapons Russia will place tactical nuclear weapons in Belarus near its ally’s borders with NATO countries, the Russian envoy to Minsk has said, in a move set to escalate tensions with the West. Russian […]
Manila, The Philippines – Emelie Ann Ducabo, 57, a married mother and sales worker in Metro Manila, has been forced to become an expert in pinching pennies to feed the seven members of her household. […]
OPEC+ announced a surprise oil production cut of more than 1 million barrels a day, abandoning previous assurances that it would hold supply steady and posing a new risk for the global economy. It’s a significant […]
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